Tag: ernst & young

The US and China have agreed to allow the US accounting watchdog to access audit papers of US-listed Chinese firms alleged of fraud. A handful of the major accounting firms were holding off supplying the information for fear of breaking Chinese law.

Shareholder and regulatory pressure has spurred companies to conduct more compliance checks. CT asks Torsten Duwenhorst, partner of forensic technology and discovery services at Ernst & Young, how to maximise value from these data mining.

Derivatives regulation is pulling end-users to exchanges. CT analyses newly-available tools and the costs incurred moving onto an exchange.

The US has issued final rules compelling foreign financial institutions to reveal details of US taxpayers who deposit money with them and their US-related transactions. CT asks Florence Carr (pictured), Asia-Pacific FATCA expert for Ernst & Young, how to comply.

With plentiful natural resources and growth potential, African governments and investors are wrangling over the rewards Africa holds. Rendani Neluvhalani, a Beijing-based international tax services partner at Ernst & Young, evaluates the lay of the land.

An Ernst & Young report kicks off with a simple statistic: Ten years ago just one third of high-profile CFOs had non-executive roles. That percentage has jumped to nearly 50% by 2012.

The latest fraud survey by Ernst & Young reveals as the economic downturn draws on, CFOs in Asia are more willing to massage company numbers to keep ahead of the game.